Ci Global Asset Etf Market Value
| CGAA Etf | CAD 28.10 0.16 0.57% |
| Symbol | CGAA |
CI Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CI Global's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CI Global.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in CI Global on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding CI Global Asset or generate 0.0% return on investment in CI Global over 90 days. CI Global is related to or competes with CI Enhanced, and CI Munro. The CI First Asset ETFs investment objective is to generate income and longterm capital growth by investing in a combina... More
CI Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CI Global's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CI Global Asset upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1181 | |||
| Maximum Drawdown | 3.61 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.09 |
CI Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CI Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CI Global's standard deviation. In reality, there are many statistical measures that can use CI Global historical prices to predict the future CI Global's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.0521 | |||
| Treynor Ratio | 6.3 |
CI Global Asset Backtested Returns
CI Global Asset retains Efficiency (Sharpe Ratio) of close to zero, which signifies that the etf had a close to zero % return per unit of price deviation over the last 3 months. CI Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CI Global's Market Risk Adjusted Performance of 6.31, information ratio of 0.1181, and Variance of 0.4387 to double-check the risk estimate we provide. The etf owns a Beta (Systematic Risk) of -0.0049, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CI Global are expected to decrease at a much lower rate. During the bear market, CI Global is likely to outperform the market.
Auto-correlation | -0.58 |
Good reverse predictability
CI Global Asset has good reverse predictability. Overlapping area represents the amount of predictability between CI Global time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CI Global Asset price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current CI Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
CI Global Asset lagged returns against current returns
Autocorrelation, which is CI Global etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CI Global's etf expected returns. We can calculate the autocorrelation of CI Global returns to help us make a trade decision. For example, suppose you find that CI Global has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CI Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CI Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CI Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CI Global etf over time.
Current vs Lagged Prices |
| Timeline |
CI Global Lagged Returns
When evaluating CI Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CI Global etf have on its future price. CI Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CI Global autocorrelation shows the relationship between CI Global etf current value and its past values and can show if there is a momentum factor associated with investing in CI Global Asset.
Regressed Prices |
| Timeline |
Other Information on Investing in CGAA Etf
CI Global financial ratios help investors to determine whether CGAA Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CGAA with respect to the benefits of owning CI Global security.